private limited company
Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the businesses Use Rules, 2014. To become a member of up a private limited company, minimal two investors and two directors are required.
public limited company
A limited company grants limited liability to its owners and management. Being a public company allows a strong to market shares to investors this is benificial in raising capital. A minimum of three Directors are needed for establishing a Public Limited Company and it's more stringent regulatory requirements in comparison to a Private Limited Company.
A sole proprietorship is a form of unregistered business entity that's owned, managed and controlled by one person. Sole proprietorship's are one of the very most common kinds of business in India, employed by most micro and small businesses operating in the unorganised sectors. Proprietorships are quite simple to begin and have very minimal regulatory compliance requirement for started and operating.
A Partnership Firm is a favorite kind of business constitution for businesses which can be owned, managed and controlled by an Association of People for profit. Partnership firms are not too difficult to begin are is prevalent amongst small and medium-sized businesses in the unorganized sectors.
Limited Liability Partnership (LLP) was presented in India by method for the Limited Liability Partnership Act, 2008. The fundamental preface behind the presentation of Limited Liability Partnership (LLP) is to give a type of business element that is easy to keep up while giving limited liability to the proprietors. Since, its presentation in 2010, LLPs have been generally welcomed with more than 1 lakhs enlistments so far until September, 2014.